ICAO estimates 100-150 mln carbon credits needed for CORSIA Phase 1
UN aviation agency ICAO has calculated that CORSIA offsetting requirements for 2024-26 emissions will reach between 100-150 million tonnes, while the total for the 2024-35 period could hit as high as 1.5 bln tonnes.
Read MoreAccountancy organisations urge broader climate disclosure standards to prevent greenwashing
The International Public Sector Accounting Standards Board (IPSASB) should expand the scope of its proposed climate-related disclosure requirements, warn chartered accountancy bodies, who argue that the current approach risks greenwashing.
Read MoreUPDATE – RWE cuts clean energy spending by €10 bln citing US risks
German energy giant RWE has slashed its green spending by €10 billion over the next five years, citing regulatory uncertainties and increased risks – particularly in the US where President Trump ordered an immediate freeze on permits for new wind energy projects.
Read MoreRating agency assigns weak score to first approved PACM carbon project
A carbon rating agency has assigned a relatively low score to the first approved project that has transitioned to the new Paris Agreement Crediting Mechanism (PACM) from the Kyoto-era Clean Development Mechanism (CDM).
Read MoreINTERVIEW: New CORSIA carbon credit supply imminent but insurance sector must rally to scale market
The insurance sector must pull together to help the burgeoning CORSIA carbon market scale, a senior member of the World Bank’s MIGA insurance arm told Carbon Pulse, in the wake of a guarantee agreement with a clean cooking project developer that will see fresh supply imminently made available to buyers.
Read MoreUPDATE – SBTi opens door to carbon removal and introduces fresh Scope 3 emissions rules in new draft standard
The Science Based Target initiative (SBTi) has proposed to allow companies to buy carbon removal credits to account for residual emissions in the near as well as long term, and also to scrap fixed-target setting boundaries for Scope 3 emissions, but the use of other voluntary carbon offsets was not included in a new draft of the organisation’s Corporate Net-Zero Standard.
Read MoreCarbon removal standard launches new platform to speed certification process
A carbon removal standard has unveiled a new platform designed to transform the carbon credit industry by speeding up the verification process.
Read MoreNatural carbon storage declines threaten global climate goals, says study
The Earth’s ability to naturally store CO2 is declining, in a trend that is exacerbating the global climate crisis and putting international emissions targets at risk, according to a new study.
Read MoreWorld Bank insurance agency issues $180 mln guarantee to carbon project developer against political risk
The World Bank’s insurance agency has issued a $179.6 million guarantee to a clean cooking carbon project developer covering political risk affecting its credits such as expropriation, international transfer restrictions, and breach of contract.
Read MoreMillions of CORSIA-eligible cookstove credits will be ready by Q3, says developer
Cookstove carbon credits from a large clean cooking programme in Africa will be verified and made available for CORSIA Phase 1 by the end of the third quarter of the year, said the head of the project developer, paving the way for millions of eligible units to come on to the market per year.
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